Journal entery adjustmen

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Accountant
136 Points Posted on 23 February 2015

Dear all,

We just started a new firm in january and paid sale tax through another person online banking the sales tax and paid him by cheque now please tell me the complete Accouning entries how will this transaction treated waiting for reply

Thanks in advance

Amit kumar

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On 23 February 2015 at 15:16 Report
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Founder / Partner - Green Ticks Syndicat
107 Points Posted on 24 February 2015
1. Sales tax a/c dr. To Mr. X a/c (being sales tax paid by Mr. X on behalf of the firm) 2. Mr. X a/c dr. To bank account (being sales tax amount paid by Mr. X repaid to him)
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On 24 February 2015 at 09:15

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